Internet radio, in various forms, was, is and will be bigger than satellite radio. That’s where the action is — the threats and the opportunities.

If you haven’t seen the Bridge Ratings chart before (linked above), be sure to study it at least a little. The satradio providers are just bulking up in the hopes they can eliminate duplicative overhead costs and, together, get a bigger audience. After that, there’s no more “there” there than there was before. And without direct competitors, the merged company is more likely to enter into a period of strategy decay.